Question 13 2 pts In the current year, your economy is expected to make exports of $100bn and to import $80bn- worth of
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Question 13 2 pts In the current year, your economy is expected to make exports of $100bn and to import $80bn- worth of
Question 13 2 pts In the current year, your economy is expected to make exports of $100bn and to import $80bn- worth of goods and services. When it comes to measuring GDP (or aggregate demand) the net effect of your external sector is to: External trade contributes $20m. External trade reduces GDP by $20bn. We cannot tell. It depends on the composition of imports and exports.